Interim report on Q1 2024 – Our measures are having an impact

The first quarter was a good quarter for Projektengagemang Sweden AB ("PE") in terms of profitability, despite the continuing weak market conditions resulting from a subdued willingness to invest. We increase the EBITA margin to 8% and our measures to increase cost efficiency are having a clear effect and demonstrate our potential for when the market turns positive again.

First quarter, 1 January–31 March 2024

• Net revenue totalled SEK 218.3 million (245.8)

• The calendar effect on revenue for the quarter was SEK –3.8 million, as the period had eight fewer working hours than the same period in the previous year

• EBITA was SEK 18.2 million (12.7) and the EBITA margin was 8.3 percent (5.2)

• EBIT totalled SEK 18.2 million (10.8) and the operating margin was 8.3 percent (4.4)

• Profit for the period totalled SEK 12.3 million (6.2)

• Earnings per share for the period amounted to SEK 0.51 (0.26); there is no dilution effect

You will find the full report here.

Webcasted presentation:
At 09.00 CET a conference call will be held in which Liselotte Haglind, Acting CEO and President, will present the report. The presentation will be held in Swedish and will be followed by a question and answer session.

Link to the webcast:

https://ir.pe.se/en/ir/financial-reports/

For further information please contact:
Liselotte Haglind, Acting CEO and President
Mobile: +46 10-516 05 87
E-mail: [email protected]

This disclosure contains information that Projektengagemang Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-04-2024 07:30 CET.